US imposes sanctions on Turkish bank, prompting legal threat

US sanctions Turkish bank over alleged IRGC ties, accusing it of facilitating millions in transactions for Iran.Published On 5 Sep 20265 Sep 2026The United States Treasury Department has imposed sanctions on a Turkish bank and its subsidiaries over alleged ties to Iran, as Washington seeks to economically isolate Tehran.The Treasury Department accused Golden Global Yatirim Bankasi Anonim Sirketi (Golden Global Bank) on Friday of facilitating “tens of millions of dollars’ worth of transactions for the Islamic Revolutionary Guard Corps-Qods Force” and providing the Iranian government with banking access to move its funds internationally.Recommended Stories list of 4 itemslist 1 of 4Iran, US exchange new attacks: Who was hit in latest strikes?list 2 of 4China’s support for Iran shows its limits as US ramps up pressure on Tehranlist 3 of 4ICC leaders condemn efforts to erode international legal orderlist 4 of 4Iran war: Why US midterms could be a pivotal momentend of listWashington alleged the bank “was established for the purpose of enabling Iran’s rahbar network [shadow banking system] to transfer oil revenues from China to Turkey” using gold and cash.Golden Global Bank responded on ...